Backblaze (BLZE) Net Margin (2020 - 2025)

Backblaze's Net Margin history runs 6 years deep, the most recent figure standing at 10.17% for Q3 2025.

• On a quarterly basis, Net Margin rose 2897.0% year-over-year to 10.17% in Q3 2025; TTM through Sep 2025 was 24.37%, a 1345.0% increase from a year earlier, with the FY2024 full-year figure at 38.03%, up 2051.0% from the prior year.
• Net Margin advanced to 10.17% in Q3 2025 per BLZE's latest filing, from 19.55% in the prior quarter.
• Across five years, Net Margin topped out at 10.17% in Q3 2025 and bottomed at 73.15% in Q1 2023.
• The 5-year median for Net Margin is 42.48% (2023), against an average of 42.75%.
• Across the five-year window, Net Margin sank 4098 bps in 2022 and jumped 3627 bps in 2024, its largest moves.
• Year by year, Net Margin stood at 51.37% in 2021, then retreated by 23 bps to 63.22% in 2022, then soared by 33 bps to 42.48% in 2023, then dropped by 0 bps to 42.55% in 2024, then jumped by 76 bps to 10.17% in 2025.
• Per Business Quant, the three latest BLZE Net Margin figures stand at 10.17% (Q3 2025), 19.55% (Q2 2025), and 26.94% (Q1 2025).